RISCO Extends Tender Offer for International Electronics, Inc.
27 4월 2007 - 10:00PM
PR Newswire (US)
BOSTON, April 27 /PRNewswire/ -- Rokonet Industries, U.S.A., Inc.,
a wholly-owned subsidiary of RISCO Ltd. (RISCO), announced today
that it has extended its $3.50 per share cash tender offer for all
of the common stock of International Electronics, Inc. (IEI)
(OTC:IEIB) (BULLETIN BOARD: IEIB) not already owned by it or its
subsidiaries to 5:00 P.M., New York City time, on Monday, May 21,
2007. The tender offer was previously set to expire at 12:00
Midnight, New York City time, on Thursday, April 26, 2007. The
extension of the tender offer is intended to provide additional
time for IEI to convene a special meeting of its stockholders that
RISCO demanded under the Massachusetts Control Share Acquisition
Statute to approve voting rights of any IEI shares RISCO may
acquire in its offer. IEI has indicated that it intends to hold a
stockholders meeting on May 18, 2007 for such purpose. As of the
close of business on April 26, 2007, approximately 244,019 IEI
shares had been tendered in and not withdrawn from the offer.
MacKenzie Partners, Inc. is the Information Agent for RISCO's
tender offer and any questions or requests for the Offer to
Purchase and related materials with respect to the tender offer may
be directed to MacKenzie Partners, Inc. Additional Information and
Where to Find It This communication may be deemed to be
solicitation material in respect of the solicitation of proxies of
Rokonet Industries, U.S.A., Inc. from stockholders of IEI in
connection with the special meeting of IEI stockholders expected to
be held on May 18, 2007. Rokonet Industries, U.S.A., Inc. has filed
a definitive proxy statement on Schedule 14A. IEI STOCKHOLDERS
SHOULD READ THOSE MATERIALS CAREFULLY BECAUSE THEY CONTAIN
IMPORTANT INFORMATION REGARDING RISCO'S PROPOSAL. Stockholders will
be able to obtain the proxy statement and related materials with
respect to the special meeting free at the SEC's website at
http://www.sec.gov/ or from Rokonet Industries, U.S.A., Inc. by
contacting Mackenzie Partners, Inc. toll free at 1-800-322-2885 or
collect at 1-212-929-5500 or via email at . The offer to buy IEI
common stock is only being made pursuant to an offer to purchase
and related materials that Rokonet Industries, U.S.A., Inc. has
filed with the SEC. IEI STOCKHOLDERS SHOULD READ THESE MATERIALS
CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE
TERMS AND CONDITIONS OF THE OFFER. Stockholders will be able to
obtain the offer to purchase and related materials with respect to
the tender offer at the SEC's website at http://www.sec.gov/ or
from Rokonet Industries, U.S.A., Inc. by contact Mackenzie
Partners, Inc. toll free at 1-800-322-2885 or collect at
1-212-929-5500 or via email at . Participants in Solicitation
Rokonet Industries, U.S.A., Inc. and its directors and executive
officers may be deemed to be participants in the solicitation of
proxies from the holders of IEI common stock in respect of the
proposed special meeting of stockholders. Certain information about
such persons and their interest in the solicitation will be
contained in the proxy statement regarding the special meeting,
when it becomes available. DATASOURCE: RISCO Ltd. CONTACT: Bob
Marese, +1-212-929-5045, Lex Flesher, +1-212-929-5397, both of
MacKenzie Partners, Inc., for RISCO Ltd.
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